CIC COMMERCIAL PROPERTY EXAM CIC Commercial Property questions and Answers 2023/2024 CIC Commercial Property Exam Prep with Complete Solutions CIC Commercial Property Exam CIC Commercial Multi-line Exam Prep-Solved CIC Agency Management Exam- All Lessons CIC Property - Section 1 Questions and Answe...
[Show more]
What are commercial property loss exposures - ANSWER-Buildings, personal property of owner, others and off premises, business income. What are some causes of loss - ANSWER-Fire, accident, weather, crime and disaster. What should be considered when determining coverage amounts - ANSWER-potentia...
Preview 1 out of 3 pages
Add to cartWhat are commercial property loss exposures - ANSWER-Buildings, personal property of owner, others and off premises, business income. What are some causes of loss - ANSWER-Fire, accident, weather, crime and disaster. What should be considered when determining coverage amounts - ANSWER-potentia...
What are the components of a Common Policy Declarations Page - ANSWER-Named Insured Mailing Address Policy Period Business Description Premium Forms Applicable What are the Common Policy Conditions - ANSWER-Cancellations Changes Examination of books & records Inspection & surveys Premiu...
Preview 2 out of 12 pages
Add to cartWhat are the components of a Common Policy Declarations Page - ANSWER-Named Insured Mailing Address Policy Period Business Description Premium Forms Applicable What are the Common Policy Conditions - ANSWER-Cancellations Changes Examination of books & records Inspection & surveys Premiu...
Endorsements used to modify coverage extensions (6) - ANSWER-1. newly acquired or constructed property - increased limit 2. higher limits 3. specified bpp temporarily away from premises 4. additional covered property 5. radio or television antennas 6. trees, shrubs, plants Explain replac...
Preview 1 out of 3 pages
Add to cartEndorsements used to modify coverage extensions (6) - ANSWER-1. newly acquired or constructed property - increased limit 2. higher limits 3. specified bpp temporarily away from premises 4. additional covered property 5. radio or television antennas 6. trees, shrubs, plants Explain replac...
Learning Objective 1A - Rights and Duties of the first Named Insured - ANSWER-1. Authorization to Cancel 2. Receive Cancellation 3. Make Changes with Insurer Consent 4. Responsible for Payment of Premium 5. Payee (Receiver) for Return Premium Learning Objective 1B - How does Coinsurance apply...
Preview 2 out of 12 pages
Add to cartLearning Objective 1A - Rights and Duties of the first Named Insured - ANSWER-1. Authorization to Cancel 2. Receive Cancellation 3. Make Changes with Insurer Consent 4. Responsible for Payment of Premium 5. Payee (Receiver) for Return Premium Learning Objective 1B - How does Coinsurance apply...
What is it called when the insured gives the insurer their legal right of recovery from a third party? a. Liberalization b. Exclusively c. Subrogation d. Assignment - ANSWER-c. Subrogation Which is covered under a Lease Hold Interest coverage form? a. The landlords loss of a prepai...
Preview 2 out of 6 pages
Add to cartWhat is it called when the insured gives the insurer their legal right of recovery from a third party? a. Liberalization b. Exclusively c. Subrogation d. Assignment - ANSWER-c. Subrogation Which is covered under a Lease Hold Interest coverage form? a. The landlords loss of a prepai...
3x sold
Budget Considerations for growing an agency and doing a needs assessment - ANSWER--the specific talents and skills employees require -an awareness of gaps, deficiencies, and surpluses within and across departments -a determination of how many employees the agency can afford to hire -the bes...
Preview 3 out of 22 pages
Add to cartBudget Considerations for growing an agency and doing a needs assessment - ANSWER--the specific talents and skills employees require -an awareness of gaps, deficiencies, and surpluses within and across departments -a determination of how many employees the agency can afford to hire -the bes...
2x sold
CIC Commercial Multi-line Exam Prep-Solved
Preview 3 out of 18 pages
Add to cartCIC Commercial Multi-line Exam Prep-Solved
1x sold
Explain the Organizational Structures available to Agencies - ANSWER-Sales vs. Service Oriented Large Agencies vs. Small Agencies Publicly Traded vs. Privately Held Explain the Federal and State Regulations on Agencies - ANSWER-Licensing Regulations by State Regulators protect the consumer by ...
Preview 2 out of 9 pages
Add to cartExplain the Organizational Structures available to Agencies - ANSWER-Sales vs. Service Oriented Large Agencies vs. Small Agencies Publicly Traded vs. Privately Held Explain the Federal and State Regulations on Agencies - ANSWER-Licensing Regulations by State Regulators protect the consumer by ...
Learning objective 1 List the specific rights and duties of the first named insured. - ANSWER-1. Cx - to cx and to rcv NOC 2. Changes - to make chgs 3. Audits - Examination of Books and Records 4. Inspections and Surveys 5. Premiums - pymt and return 6. Transfer of rights and duties Learnin...
Preview 2 out of 11 pages
Add to cartLearning objective 1 List the specific rights and duties of the first named insured. - ANSWER-1. Cx - to cx and to rcv NOC 2. Changes - to make chgs 3. Audits - Examination of Books and Records 4. Inspections and Surveys 5. Premiums - pymt and return 6. Transfer of rights and duties Learnin...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller LUCKYSTAR2022. Stuvia facilitates payment to the seller.
No, you only buy these notes for $26.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
95453 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
